I Have $1.7M With a Financial Advisor and Pay a 1% Fee. Is That Reasonable?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. When it comes to financial advice, what you pay can vary based on what you get. An advisor who simply sets you up with a passive S&P 500 index fund might not be worth a 1% fee, while an advisor who helps you manage taxes and cash flow, plan for retirement and save for your child’s college education is likely worth significantly more. For example, say you have $1.7 million invested with a financial adviso ...